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Nov 16, 2012
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>> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can do enough in loopholes and exclusions to get the money that we need for a deal from that group. but he also said i'm open to new ideas. so if there is in fact an effort to close some loopholes that gets you some of the way there, you can certainly see the president, i could anyway, compromising somewhere between 35 and 39.6 on a slightly higher rate. if shall be caomebody came up w source of revenue which didn't change the distribution of the tax burden, figure out a way to do it without a top rate. i kind of expect what's going to happen i
>> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can do...
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Dec 24, 2012
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boehner. but in the end, i don't think anybody so this day takes those fiscal conservatives as seriously as they better take them. in today's op-ed by mr. reynolds of putnam, was also disappointing. i mean i just don't think you can sequate the idea that peopl have certain beliefs. and just because you send a representative there that doesn't agree with other's beliefs, this isn't the electorate as being mean. they just want what they want. >> rick santelli, scott nation, thank you. >> merry christmas, joe. >> merry christmas. >> thanks a lot. >> merry christmas andrew ross. >> happy holidays, guys. >> you, too. >> and coming up, andrew? >> coming up, italian prime minister mario monti stepping down to set up the february elections. could he win another term? could silvio berlusconi mount a serious challenge? that's the story. and share som. or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. >>> welcome ba
boehner. but in the end, i don't think anybody so this day takes those fiscal conservatives as seriously as they better take them. in today's op-ed by mr. reynolds of putnam, was also disappointing. i mean i just don't think you can sequate the idea that peopl have certain beliefs. and just because you send a representative there that doesn't agree with other's beliefs, this isn't the electorate as being mean. they just want what they want. >> rick santelli, scott nation, thank you....
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Dec 11, 2012
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not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
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Dec 31, 2012
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the john boehner has said chain cpi. and medicare eligibility age. >> right. >> those are the two things that he's laid out for medicare and social security. >> right. >> your party's nominee last year ran against obama -- or in this campaign ran against obama for cutting medicare. what are the specific entitlement savings that you guys want to enact? because that's your ask of obama. he's told you what taxes he wants to raise. >> i've got a whole list of them. i mean, certainly starting with chain cpi, but the age, the copay, means testing. >> he's agreed to that. >> betting on competitive situation in between medicare manage and deeper service without any cap i mean it adds up to about a trillion dollars. and when you have a situation where americans are paying one-third of the cost of medicare, i don't think people realize that, but literally people are paying one-third of the cost of medicare, we have 20 million more americans coming on medicare over the next decade, i mean it's a time bomb. >> i agree with you it's
the john boehner has said chain cpi. and medicare eligibility age. >> right. >> those are the two things that he's laid out for medicare and social security. >> right. >> your party's nominee last year ran against obama -- or in this campaign ran against obama for cutting medicare. what are the specific entitlement savings that you guys want to enact? because that's your ask of obama. he's told you what taxes he wants to raise. >> i've got a whole list of them. i...
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Nov 7, 2012
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boehner putting markers down on the right. so we're exactly where we started a year and a half ago when we started this whole debate about taxes and spending in this country. somebody's going to have to give. obama, the word compromise came out of his mouth during the speech last night. is there a moment now post-election where people can maybe all come together and meet in the middle? possibly, but people are pretty entrenched on this thing. >> john harwood has followed every twist and turn of this election. he joins us onset this morning. there's two issues, john. we've got the fiscal cliff issue and then we've got the fiscal abyss issue. i'm wondering -- here's my biggest question. now that the republicans don't have as their single mandate to prevent a second term, that's off the table now, that's a whole new ball game for these guys. that's not going to be the thought behind every thing they do. the president no longer is thinking about re-election, so maybe he doesn't have to look at his base all the time with the bush t
boehner putting markers down on the right. so we're exactly where we started a year and a half ago when we started this whole debate about taxes and spending in this country. somebody's going to have to give. obama, the word compromise came out of his mouth during the speech last night. is there a moment now post-election where people can maybe all come together and meet in the middle? possibly, but people are pretty entrenched on this thing. >> john harwood has followed every twist and...
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Dec 21, 2012
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i think john boehner can do it. if he comes to grips with the fact that he's going to have to take less than 218 in his party. in other words less than majority of majority. work with the president, work with democrats in the house of representatives, and in the united states, and get this done. we've had election. majority still is in the senate. newt gingrich said some years ago in 1998, perfectionist caucus, meaning his republican hard liners, and the american people elected democratic president, in that case bill clinton, democrats and republicans in the senate who don't agree and the american people expect us to make this government work. they still expect that and i think john boehner has now demonstrated in his own party that the only way he can do it, the only way we can do it is in a bipartisan basis. >> what do you think he's going to say at 10:00? any idea? >> i have no idea. i have last night he said, well, now the responsibility son somebody else. that's not true. he's still the speaker of the house, an
i think john boehner can do it. if he comes to grips with the fact that he's going to have to take less than 218 in his party. in other words less than majority of majority. work with the president, work with democrats in the house of representatives, and in the united states, and get this done. we've had election. majority still is in the senate. newt gingrich said some years ago in 1998, perfectionist caucus, meaning his republican hard liners, and the american people elected democratic...
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Dec 20, 2012
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and boehner had three to one. and now boehner said suddenly one to one seems like a good idea. well, if you include the cuts that have been affected -- >> including interest, savings on interest. >> i think that's what did it. >> but the hard core guys, we're going to have harry wilson on. did you see what he says about those kutsdz? >> no. >> the deal boehner was close to clast year was so much better in terms of putting us on the right path in terms of revenue that he likes -- well, then they should have taken that deal the last time around. >> well, the deal on his side, but the deal went away with the 400 billion. >>> the irs is warning more than 1100 million taxpayers could face refund delays if fiscal cliff negotiations fail to hit the emt. that number is greater than estimated. typically coming agrees to just the tax for inflation to prevent unintended taxpay herbs from being hit by it. but this year, the amt's fate is tied by the fiscal cliff negotiations. >> you can't even imagine all the consequences for how this is going to pay out. >>> let's get a check on the marke
and boehner had three to one. and now boehner said suddenly one to one seems like a good idea. well, if you include the cuts that have been affected -- >> including interest, savings on interest. >> i think that's what did it. >> but the hard core guys, we're going to have harry wilson on. did you see what he says about those kutsdz? >> no. >> the deal boehner was close to clast year was so much better in terms of putting us on the right path in terms of revenue...
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Dec 18, 2012
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i spoke to this office of speaker boehner last night. they say that this offer, although it moves closer to where the speaker is, is still not even close to in balance, which is what they're hoping for in a deal here. so we're getting closer to a deal but we don't have one just yet, guys. >> take a lot of chances there with the harry met sally references. >> you think i pulled that off? it's a little early in the morning. >> kind of. when you mention it, most people go back to that one meg ryan scene in the diner. >> we're not there yet. >> yeah, exactly. >> i'll have what he's having. >> i'll have what he's having. >> but that's, you know, rise above, all the stuff we talk about, that would be a great -- that would be the happy ending that we're looking for in all of this. right? >> that's a good phrase to use. >> you started it. >> to describe this consummation of this dealmaking process. >> oh, geez. >> do we all have a cigarette afterwards? anyway, for more -- once we do -- >> holy cow. >> for more on the fiscal cliff and the markets
i spoke to this office of speaker boehner last night. they say that this offer, although it moves closer to where the speaker is, is still not even close to in balance, which is what they're hoping for in a deal here. so we're getting closer to a deal but we don't have one just yet, guys. >> take a lot of chances there with the harry met sally references. >> you think i pulled that off? it's a little early in the morning. >> kind of. when you mention it, most people go back to...
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Dec 19, 2012
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boehner was at zero, now at a million. we can find a compromise somewhere in between. >> tell the people they've got to start complaining about that a little bit more. both sides need to be complaining a lot. right now, i'm hearing more complaining from boehner's side and makes me think you're putting one over on him. we need more complaining and get together and they have to really be complaining for us to think the deal is going to come together. can you do that? >> look, i've been very critical of the positions up to now on $250,000. >> i know. you're in new york, congressman, you know. >> i get complaints but we need compromise. we're ready to compromise, the president has shown compromise. we need somebody to compromise with and something to compromise over. >> i want to emphasize something i said earlier, we are within spitting distance of a transaction. it might not be $4 trillion but it's pretty close depending what numbers you add up. what we should be doing, i'm part of the fix the debt group in addition to folks
boehner was at zero, now at a million. we can find a compromise somewhere in between. >> tell the people they've got to start complaining about that a little bit more. both sides need to be complaining a lot. right now, i'm hearing more complaining from boehner's side and makes me think you're putting one over on him. we need more complaining and get together and they have to really be complaining for us to think the deal is going to come together. can you do that? >> look, i've...
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Dec 17, 2012
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i guess the lead, obviously, we would be talking about boehner, too, at some point, john. do you have comments on the gun control issue? >> well, i think you saw in the president's address last night, a politician who had been deeply impacted by what happened, like the entire country has been impacted. and i think it is changing the calculus, the way he looks at political risk on this issue. democrats, as you know, joe, for some time has shied away from pushing gun control out of the believe that it is a loser for them politically. republicans have done well when democrats tried to push the gun control bill. there is a broad swath of public opinion that favors things like bans on assault weapons and high volume magazine clips for weapons. i think the president is saying -- when he said on friday, even, before the speech last evening, he said that despite the political risk, we need to do something. i think that was him talking to himself and to other democrats to say, you know what? we cannot turn away from this issue. he also mentioneder issues, as well. he mentioned doin
i guess the lead, obviously, we would be talking about boehner, too, at some point, john. do you have comments on the gun control issue? >> well, i think you saw in the president's address last night, a politician who had been deeply impacted by what happened, like the entire country has been impacted. and i think it is changing the calculus, the way he looks at political risk on this issue. democrats, as you know, joe, for some time has shied away from pushing gun control out of the...
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Dec 28, 2012
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and i think that boehner, speaker boehner has been very aggressive in doing that. quite honestly i think he's gone much further than i would have expected him to go on the revenue side. he's essentially said he's willing to give the revenue to the president he wants. he was even willing to give him some rates that he wants. and he's also said, and i think he's right on this, unless you match those revenues with spending reductions he can't pass the house with that. and he shouldn't pass the house with it, because it really is the spending issue that we've got to focus on now. i think everybody's -- knows where the revenue number is going to. it's going to about $1 trillion. but the spending number is simply not there. and it hasn't been there, and until we get some movement from the other side of the aisle, so to say, on the issue of how you reform the entitlement accounts, you're not going to get that. now i will give the president credit for this. he did put on the table, as your other commentator there said, the chain cpi. that is a huge give in my opinion by th
and i think that boehner, speaker boehner has been very aggressive in doing that. quite honestly i think he's gone much further than i would have expected him to go on the revenue side. he's essentially said he's willing to give the revenue to the president he wants. he was even willing to give him some rates that he wants. and he's also said, and i think he's right on this, unless you match those revenues with spending reductions he can't pass the house with that. and he shouldn't pass the...
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Dec 14, 2012
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boehner departed the white house without comment. both sides are trying to break an impasse, in budget talks to avoid the fiscal cliff. aides say the men had a frank discussion. i don't know if that's a positive. and the likes of communication, they say, remain open. although no specific details were released. the meeting came after a day of frustration. both sides criticized each other for a lack of progress. this was house speaker boehner earlier in the day. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> president obama remains hopeful that a deal will get done. he told a cbs affiliate he's willing to do a lot more in cuts and spending with a little more in revenue. we'll see where it goes. united technologies expects profit to rise 13% next year, even if the economy goes over the fiscal cliff. the company now saying that growing demand for its building products, elevators and air conditioners is offse
boehner departed the white house without comment. both sides are trying to break an impasse, in budget talks to avoid the fiscal cliff. aides say the men had a frank discussion. i don't know if that's a positive. and the likes of communication, they say, remain open. although no specific details were released. the meeting came after a day of frustration. both sides criticized each other for a lack of progress. this was house speaker boehner earlier in the day. >> republicans must solve...
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Dec 6, 2012
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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Dec 27, 2012
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said boehner, why did byner -- they were so close, only a couple hundred billion apart, why did boehner walk away? wasn't there an insistence that you do two years for the debt ceiling that they didn't waiver on? >> yeah, there are a couple of elements that boehner didn't like in what the president was proposing. one was the semipermanent or multiyear debt ceiling deal, which he thought gave up too much control from congress. and then the other one was, they didn't think that all the spending cuts that the president was proposing were, in fact, real. they thought that the president was proposing savings from spending on interest that you wouldn't have to make if you brought down the deficit a little bit. they thought that shouldn't count under the limit, and that was a couple hundred billion dollars there. >> but the two-year thing was probably a nonstarter because, you know, we're going to talk to john cannis in a second because i sort of thought all along that if we went over the cliff it was good for the president, because he gets tax rates back to where he wants them, without negoti
said boehner, why did byner -- they were so close, only a couple hundred billion apart, why did boehner walk away? wasn't there an insistence that you do two years for the debt ceiling that they didn't waiver on? >> yeah, there are a couple of elements that boehner didn't like in what the president was proposing. one was the semipermanent or multiyear debt ceiling deal, which he thought gave up too much control from congress. and then the other one was, they didn't think that all the...
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Dec 3, 2012
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and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll t
and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >>...
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Nov 27, 2012
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john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now is another economic setback from the fiscal cliff. house speaker boehner and his colleagues in the congressional leadership have sounded conciliatory notes about prospects sounds like good news at the local chamber of commerce at middletown but only up to a point. >> i want to be confident. i want to be optimistic. i think i would rathering reserr be reserved at this point. >> steve has a petroleum distribution business that like ohio's economy is doing well. he's known
john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically...
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Nov 9, 2012
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john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013. and china's national congress continues with new leaders for the communist party set to be named later this morning. today a rising star said the party is moving towards requiring officials to their their assets. so an interesting piece in the chinese business press this morning. >> we have been talking about the fiscal cliff and -- >> we have? >> and yesterday somebody tweeted a new drinking game. every time they say fiscal cliff, you drink. they're right, but it's absolutely what matters. >> look at the stock market. did you see today what it's going to do? >> down again. >>
john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013....
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Dec 10, 2012
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the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
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Dec 5, 2012
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. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final ana
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the...
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Dec 12, 2012
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boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of tha
boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off....
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Nov 15, 2012
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can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed doors we'll get in detail. for the first time we're close and why throw away the opportunity. >> can i just mention how many jokes joe would have made about being behind closeds doors and consummating and that whole thing and that's why joe needs to be on the show and he's not. i'm doing a poor job that he would have made seven or eight jokes would have been made. let me just ask jared, the 39.6 in my mind seems like it is a bottom line, a starting point an an end point for the president. can you envision a deal being done on the fiscal cliff t
can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed...
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Nov 30, 2012
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i think the response by boehner was appropriate. disappointment and totally unrealistic. >> you made it very clear that -- guy said -- you walked away from the talks. no, no, no, no. he said no. >> they have to give a numbers -- do the republicans have -- >> no, no, no. >> it is still -- up to obama -- >> they are so far off the mark. a lot of the comments -- you shouldn't be following it day by day because it is ridiculous. i mean, there's bluffing, will's posturing. so this isn't serious. i mean, if you were in a business deal you wouldn't be going public with this stuff. i mean, the conversation would be more serious. and you would be closer. they show that deal. >> i don't even understand how we get to what you just talked about which is close to simpson-bowles from where we are right now. i mean -- i understand that that might the best thing for the country. based on where the talks have gone to this point -- >> remember, last summer, they got close to simpson-bowles. when the deal broke apart. >> we are a lot farther away from
i think the response by boehner was appropriate. disappointment and totally unrealistic. >> you made it very clear that -- guy said -- you walked away from the talks. no, no, no, no. he said no. >> they have to give a numbers -- do the republicans have -- >> no, no, no. >> it is still -- up to obama -- >> they are so far off the mark. a lot of the comments -- you shouldn't be following it day by day because it is ridiculous. i mean, there's bluffing, will's...
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Nov 26, 2012
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we had obama and boehner, cantor and biden, the super committee, the gang of six, the time is now. i believe that the recognition is that the time is now. >> all lower marnlal rates. >> no, and i also believe the legacy for the president is say vibrant economic recovery. >> i agree. >> if there's a political chip on the wealthy i don't think it's 250,000. >> it shouldn't be the holy grail. >> i believe it's a political talking point. >> first it was obama care, when you were focused on the economy -- >> we need significant revenue to work. not a majority, man a quarter of the package will be revenue. >> we had increased revenue when we had growth. we had 18% or 19%. >> we're going to continue this conversation around the table, greg is sticking with us as is steve. >> still to come on "squawk," senator bob corker sounds off on taxes and the ifisical cliff, because black friday is in the books. now we turn our focus, we have a name for every day basically, now it's cyber monday, lots of deals. i don't know what tomorrow s takeover tuesday. cart know reagan will run through some of t
we had obama and boehner, cantor and biden, the super committee, the gang of six, the time is now. i believe that the recognition is that the time is now. >> all lower marnlal rates. >> no, and i also believe the legacy for the president is say vibrant economic recovery. >> i agree. >> if there's a political chip on the wealthy i don't think it's 250,000. >> it shouldn't be the holy grail. >> i believe it's a political talking point. >> first it was...
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Dec 26, 2012
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john boehner suffered an embarrassment thursday night. >> at least he suffered it then. didn't have this great big deal we thought would avert everything and get us where we want to go and then not deliver. are you sure the president can deliver everything from his side. >> the deal will look like the budget control act of the summer of 2011 where you get democrats and republicans voting for it. all you learned thursday night is the president can't deliver 218 of his own guys for a deal. this is something the media isn't really picking up on much. >> the speaker. >> sorry. the speaker. for a deal which was never going to become law. remember, a member of congress, a republican, i know plenty of them, are willing to vote for revenue increases. they say we have this deal harry reid said the senate won't pick up and ask you to vote for revenue increase or tax hike, a lot of republicans will say hell no to that whereas they might vote for the larger deal that stands for a chance of addressing the fiscal cliff. >> congressman, what is the chance we're doing this in february a
john boehner suffered an embarrassment thursday night. >> at least he suffered it then. didn't have this great big deal we thought would avert everything and get us where we want to go and then not deliver. are you sure the president can deliver everything from his side. >> the deal will look like the budget control act of the summer of 2011 where you get democrats and republicans voting for it. all you learned thursday night is the president can't deliver 218 of his own guys for a...
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May 17, 2012
05/12
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i did note that speaker boehner the other day indicated he would like to get a comprehensive solution but if not he's open to a temporary extension o buy a little more time so they can address it under a new administration and a new congress. >> have you gotten response from the democrats about whether they would go along with the the temporary extension to work it all out next year. >> i think senator reeds was critical. s government hasn't been allergic to these temporary extensions. at least the speaker if you're -- >> do you know how the vp selection process is going at this point, governor? when do you think we'll hear something sm. >> well, the romney campaign and i'm one of of the national co-chairs of it, has a policy of not discussing the vp process so we're not going to get into that. mitt is going o have a lot of great people to pick from. anybody would be honored to serve, if asked. we want to do all that we can to defeat brock brock and have this country headed in a better direction. >> so you have no idea. before the convention, that's all we know. >> if history is any g
i did note that speaker boehner the other day indicated he would like to get a comprehensive solution but if not he's open to a temporary extension o buy a little more time so they can address it under a new administration and a new congress. >> have you gotten response from the democrats about whether they would go along with the the temporary extension to work it all out next year. >> i think senator reeds was critical. s government hasn't been allergic to these temporary...
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Dec 4, 2012
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speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. he also said last night that you will see higher marginal tax rates. >> higher marginal or effective? >> higher mar begin ginal rates talking about last night. >> that's part of the 500. >> he thinks as part of the compromise to get there, you'll have to see the democrats get their way in terms of higher marginal tax rates. he also said that the republicans should be able to see higher entitlement cuts, that that should be part of thi
speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess....
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Nov 14, 2012
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. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan said. the house was re-elected. so people re-elected those people in the house for a reason. it's a nonstarter. it's not going to happen. it's not going to be 1.6 billion. 1.6 trillion. to get to four trillion, that would be 2.4. so we said that. he'll go not 3-1 like simpson bowles. he's go one and a half to one. >> that's not going to happen either. >> but what bothers me -- >> the problem is nothing is going to happen. >> what bothers me is i do think you can get to a point where you raise taxes too much and you don't cut spending enough, where you're just funding entitlements by raising taxes and you don't
. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan...
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Dec 7, 2012
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so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors and actually make this happen. i can't believe the amount of tough that is talking, the tough talk, we'll go over the cliff, we'll go over the cliff. >> let me ask you a point. it's a fiscal speed bump a $600 billion tax we need. the real thing we're headed for is the long-term progress we have to make. i'm very concerned the atmosphere is very poisoned the $600 b
so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any...
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Nov 29, 2012
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our next guest met with john boehner on capitol hill yesterday. tom wilson is the ceo of the insurance giant allstate. i see in your preinterview notes you've got some good news, but the way you say it, i'm concerned about where we are. let me start with the good news which moons that there's some bad news. what do you mean? >> sure. i am concerned. the good news is -- and we met with the democrats who control the snachlt we met the republicans who control the house, the white house economic team. so we saw all sides of this. the good news is we all agree this is an opportunity to show the rest of the world we know how to run our house economically. they all want to make a deal, three, they all agree it's a $4 trillion number and four, they all agree -- there's three kmoents. we've got reform entitlement, raise revenue and reduce spending. so those are all the good things. you want to know the bad news. >> yeah, i guess. >> yeah. okay. so the bad news is nobody's really decided how much of that $4 trillion goes into each of the three buckets. so r
our next guest met with john boehner on capitol hill yesterday. tom wilson is the ceo of the insurance giant allstate. i see in your preinterview notes you've got some good news, but the way you say it, i'm concerned about where we are. let me start with the good news which moons that there's some bad news. what do you mean? >> sure. i am concerned. the good news is -- and we met with the democrats who control the snachlt we met the republicans who control the house, the white house...
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Dec 13, 2012
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for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cme. as i said, a cnbc contributocon. guy, i'll start with you. i just referenced and we had jas
for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we...
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Mar 27, 2012
03/12
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john boehner and harry reid are discussing how to proceed after boehner postponed a house vote on his proposal for a 90 day renewal of current law. if no action is taken by week's end, the government would have to stop collecting gasoline taxes entirely and cut off the flow of money to road, bridge and mass transit projects. >> really? >> that's what they say. >> let's talk about some of the legislation going through at this point that would repeal tax breaks for major oil companies. it did pass its first hurdle in the senate yesterday, but it is unlike will to become law. political watchers say that the vote, which was 92-4 in favor of moving ahead with consideration of those oil tax cuts, it reflects political maneuvering in the chamber and not actual support for the measure. i guess nobody wants to be on the side of the oil companies these days as oil prices climb. >> and how to the trading day ahead. john brady joining us from the cme. good morning. so where is it here? y 1 n q1 on track to be the best quarter in 14 years. are that hold? is joe here going to be right ultimately on
john boehner and harry reid are discussing how to proceed after boehner postponed a house vote on his proposal for a 90 day renewal of current law. if no action is taken by week's end, the government would have to stop collecting gasoline taxes entirely and cut off the flow of money to road, bridge and mass transit projects. >> really? >> that's what they say. >> let's talk about some of the legislation going through at this point that would repeal tax breaks for major oil...
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Nov 12, 2012
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you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said and i think we'll have to do more of it. we heard the mandate in 2010 where it was a clear mandate cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the fun
you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said...
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Jun 26, 2012
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boehner will only support the increase as long as there are spending cuts larger than the debt increase. the next one the bush tax cut expiration date is also the end of this year, complete expiration by one analysis would mean an average household pays $3,000 per year more in taxes. president obama only wants to extend the bush tax cuts for those under $250,000 a year, speaker boehner says the house will vote on its plan before the election, don't count on anything much happening until after the election, and then the hammer drops on the sequester, remember that phrase, that was baked into the caked in the last budget deal, automatic cuts january 2nd, 2013, up to $1.2 trillion in cuts, split between defense and domestic spending, for defense up to 15% across the board in defense spending programs and don't forget what they're calling the monetary cliff, we learned last week that the fed plans to extend its operation twist to the end of 2012, if that ends at the same time as all this other stuff that could exacerbate the hit to the economy, also in the mix a payroll tax holiday expirati
boehner will only support the increase as long as there are spending cuts larger than the debt increase. the next one the bush tax cut expiration date is also the end of this year, complete expiration by one analysis would mean an average household pays $3,000 per year more in taxes. president obama only wants to extend the bush tax cuts for those under $250,000 a year, speaker boehner says the house will vote on its plan before the election, don't count on anything much happening until after...
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Nov 13, 2012
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marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a fascinating individual in many respects. he's part of the problem. >> what gives you any indication he'll lead in this case? >> maybe he'll wake up to the fact that he has a chance to cut through the polarization and leave a winning legacy. this is his chance to rise above. give him a button. >> there you go. thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to
marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a...
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Nov 28, 2012
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and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that social security and medicare not be part of this discussion, that's not a sustainable demand. everybody knows that entitlement programs, the president has said so, have to be part of this. now, exactly what proportion and when they're part of it, those are things that you can talk about, but, no, they are part of this deal. so are tax increases, and, you know, republicans taking out the position that, well, we can't touch tax rates, we can touch tax loopholes, everybody's got to wait and see how the math adds up. this is an extremely complicated and difficult thing. >> i don't think -- i don't think it's well
and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that...
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i think john boehner and several people on the hill, including paul ryan were willing to go the extra step, in order for our system of government to work, you need presidential leadership, willingness of the president to start working with people, not at the end but at the beginning. >> thanks, ken duberstein, appreciate it. >> joe, we'll see you soon, thanks. >>> we do have another big hour ahead with a special from jackson hole, wyoming. jacob frendel will be joining steve liesman and dennis lockhart at 8:30 eastern, after the jobless claims, an interview you can only get on cnbc. we'll be right back. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] if you think even the best bed can only lie there... ask me what it's like when my tempur-pedic moves.
i think john boehner and several people on the hill, including paul ryan were willing to go the extra step, in order for our system of government to work, you need presidential leadership, willingness of the president to start working with people, not at the end but at the beginning. >> thanks, ken duberstein, appreciate it. >> joe, we'll see you soon, thanks. >>> we do have another big hour ahead with a special from jackson hole, wyoming. jacob frendel will be joining...
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. >> he got some bad advice, but when he and boehner came close to the big deal, he was embracing simpson-bowles. >> well, simpson-bowles is no panacea either. it raises taxes, reduce investment and reduce jobs. >> paul ryan didn't want to do it either. it's a tough one. >> governors, thank you very much. we'll see you and talk to you again soon >> thank you. >>> coming up next we'll talk about what the tech world can learn from apple, a lesson from a top executive who worked directly with steve jobs. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> wefr' back. companies finding themselves in head-to-head competition with. apple are finding it hard to ke
. >> he got some bad advice, but when he and boehner came close to the big deal, he was embracing simpson-bowles. >> well, simpson-bowles is no panacea either. it raises taxes, reduce investment and reduce jobs. >> paul ryan didn't want to do it either. it's a tough one. >> governors, thank you very much. we'll see you and talk to you again soon >> thank you. >>> coming up next we'll talk about what the tech world can learn from apple, a lesson from a top...